Filed August 1, 2018
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
ASPIRE FINANCIAL SERVICES4+ years Service code 64 · EIN 27-1063375 | Recordkeeping Fees | $19,001 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,810 | $42,548-32.3% | $74,550-61.4% | $56,287-48.8% |
| Participation rate | 47.0% | 60.5%-13.5pp | 69.1%-22.2pp | 69.9%-22.9pp |
| Annual return | -8.56% | 12.40%-21.0pp | 32.53%-41.1pp | -9.96%+1.4pp |
| Employer contribution / active EE | $655 | $855-23.4% | $1,961-66.6% | $2,111-69.0% |
| Participant deferral / active EE | $1,719 | $2,277-24.5% | $3,108-44.7% | $3,350-48.7% |
| Admin fee / account holder | $343 | $467-26.5% | $5,060-93.2% | $521-34.1% |